Laser Power and Infra Files DRHP with SEBI for ₹1,200 Crore IPO

Laser Power and Infra Ltd (LPIL), a cable and conductor manufacturer based in Kolkata, has submitted draft papers to the Securities and Exchange Board of India (SEBI) for a ₹1,200 crore initial public offering (IPO). The issue will include a fresh share sale of ₹800 crore and an offer for sale (OFS) of ₹400 crore by its promoters, as per the PTI report.

Promoter Offer for Sale

The DRHP shows that promoters Deepak Goel, Rakhi Goel, and Devesh Goel will sell shares as part of the OFS. Their proposed sales stand at ₹225 crore, ₹50 crore, and ₹125 crore, respectively.

Use of Proceeds

The company plans to use ₹600 crore from the fresh issue to repay debt. The remaining funds will be directed towards general corporate purposes. LPIL may also consider a Pre-IPO Placement of up to ₹160 crore, which would reduce the fresh issue size if completed.

Company Background

Incorporated in 1988, LPIL works in two segments: manufacturing and EPC (engineering, procurement and construction). The company makes power cables, conductors, and other products used in power transmission and distribution.

Clients and Facilities

LPIL supplies to Indian Railways, state distribution companies such as TP Central, TP Western, TP Northern, and TP Southern Odisha Distribution, along with private EPC firms like Montecarlo Ltd and KRYFS Power Components Ltd. The company operates three plants in West Bengal, two in Dhulagarh and one in Kharagpur, with a combined installed capacity of 73,100 MT as of March 31, 2025.

For FY25, LPIL reported revenue from operations of ₹2,570 crore and profit after tax of ₹106 crore. The company is seeking a valuation of ₹5,500-6,500 crore through the IPO, as per the news reports.

IIFL Capital Services and ICICI Securities will act as the book-running lead managers for the IPO.

Read More: Atlanta Electricals Listed on NSE and BSE with a Premium of ~14% on September 29!

Conclusion 

The IPO will allow LPIL to reduce its debt burden by ₹600 crore. The company will also allocate part of the proceeds for general corporate purposes. Its listing will add to the activity in India’s cable and conductor sector.

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